Aptech - Outcome Of Board Meeting

Aptech Ltd has informed that the Board of Directors of the Company at its meeting held on January 29, 2007, inter alia, has consider and approved the proposal for utilization of Securities Premium of the Company in adjusting the debit balance of the Profit and Loss Account of the Company as at December 31, 2006 pursuant to the provisions under Sections 100 to 104 read with section 78 and oilier applicable provisions, if any, of the Companies Act, 1956.The said utilization shall be effected by adjusting the debit balance of Profit and Loss Account as at December 31, 2006 against the Securities Premium Accounts.The above arrangement is, inter alia, subject to the approval from the members of the Company and necessary approvals under the Companies Act, 1956 including the High Court of Judicature at Bombay, or any other competent authority.